Hi all –

I wanted to get the community’s take on this all-cash deal for a multifamily unit. It’s in a very good part of Cleveland, hence the ARV. I plan to get a mortgage after 6-12 months, so my analysis will in...

Then we open the room up to the white board to analyze what the group may be interested in.

Learn how to analyze a deal, figure out market rents, get tax data, how to market a property & get a solid foundation in which ever aspect of REI you plan on going with.

Need to look at rehab costs more closely, but it definitely needs a fair amount of work.What data can I analyze to further validate that this is a good deal?

Start analyzing deals, tell everyone what your plan is, and make offers when you find a possible deal.  

I've been creating small goals each week (i.e. analyzing properties, driving through neighborhoods, and writing mock offers.Good luck in your efforts and let me know if I can be of any help as you continue on your journey. 

Next search out the best deal, have some of us here on BP analyze it with you based on your goals and skill set. then Pull the pin. its quite simple. i would say the most important thing is to get your money figured out, how much you want to spend, how much you have to spend, and if your borrowing, from who, and what the best terms are. one of the best exercises i do is prepare a "Personal Financial Statement" it helps you understand your Net Worth, its kinda like your report card for a banker, it shows how responsible you are with money, regardless of your income.  

It will hold you accountable to someone else.As far as where to begin, you need to be able to analyze a property quickly, accurately and based on actual numbers.  

You first deliver to them a Letter of Intent, usually a non-binding document stating your intention to purchase the property for a certain price, type of financing and other criteria specific to this deal.You want to have the actual income and expenses to analyze before you make an offer.  

I am new to investing, but have been analyzing Manchesters market for quite some time.